31 Dec
The SSE revised business rules and supporting guidelines for public REITs, further improving the regulatory framework for REITs, enhancing market functions, ensuring a smooth start to the pilot program for commercial real estate REITs, and promoting the high-quality development of the REITs market.
26 Dec
The SSE released Notice on Temporary Waiver of Certain Fees for 2026, introducing a series of measures to expectedly reduce fees by approximately RMB 1.113 billion. The measures aim to boost market confidence, stabilize development expectations, and support steady and sound economic growth.
26 Dec
The SSE issued the Guidelines on Application of the Fifth Set of STAR Market Listing Standards to Commercial Rocket Companies, clarifying the specific requirements for such enterprises to apply the fifth set of Standards, with a view to better serving sci-tech innovation and the development of new quality productive forces.
1 Dec
The SSE's new-generation options trading system was successfully launched. As a self-developed and independently controllable fourth-generation trading system, it fully meets requirements related to secure and controllable IT application innovation, Cybersecurity Classified Protection System Level IV, and Chinese Cryptographic Algorithm standards. Order capacity and sustained processing capability have increased by 2.5 times and 7 times respectively, with a 20-fold reduction in average processing latency. The system also supports horizontal scalability based on business needs.
15 Nov
The 2025 SSE Cup National University ETF Knowledge and Financial Planning Competition, jointly organized by the SSE and Shanghai Securities News, concluded successfully. Now in its fifth consecutive year, the SSE Cup has reached more than 450,000 students from over 3,000 universities worldwide, promoting the philosophy of "rational investment, value investment, and long-term investment", and contributing to the inclusion of investor education in the national education system.
12 Nov
The 2025 SSE Global Investors Conference opened in Shanghai. Li Ming, Vice Chairman of China Securities Regulatory Commission (CSRC); Wu Wei, Executive Vice Mayor of Shanghai; and Qiu Yong, Chairman of the SSE, attended the opening ceremony and delivered remarks. Under the theme "Value-driven, Openness-empowered, New Investment and M&A Opportunities for Global Investors", the conference attracted nearly 400 registered representatives from over 100 investment institutions across Europe, the Americas, Asia-Pacific, and the Middle East. Participants engaged in in-depth discussions on new opportunities in China's investment and M&A market, innovation-driven development, and high-standard opening-up of the capital market.
28 Oct
The SSE held a listing ceremony for the first batch of newly registered companies on the STAR Market Growth Tier. Li Chao, Vice Chairman of China Securities Regulatory Commission (CSRC); Wu Wei, Executive Vice Mayor of Shanghai; and Qiu Yong, Chairman of the SSE, attended the ceremony and delivered remarks. Cai Jianchun, President of the SSE, presided over the event. Representatives from relevant provincial and municipal authorities, listed companies, and intermediaries also attended the event.
27 Oct
The SSE appointed members of the third Sci-Tech Innovation Advisory Committee. The new committee comprises 60 members, mainly from research institutes, leading enterprises in key industrial chains, and government authorities. Serving in their individual expert capacities, members provide advisory opinions on issuers' sci-tech attributes and business and technology-related matters in the issuance review process, and offer policy recommendations for board development and related rule-making at the SSE.
20 - 24 Oct
Qiu Yong, Chairman of the SSE, led a delegation to Istanbul, Türkiye, to attend the 64th General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), as well as the Board of Directors meeting. He was successfully re-elected as a member of the WFE Board.
13 Oct
The Shanghai International Centre for Communication and Cooperation Between Exchanges hosted the 2025 Stock Exchange International Workshop. Cai Jianchun, President of the SSE, attended the opening ceremony and delivered remarks. More than 280 representatives from 32 exchanges and industry organizations across over 20 countries participated either in person or online. The workshop focused on best practices around key topics including sci-tech enterprises, ETFs, ESG, and cross-border cooperation, aiming to enhance the global influence of China's capital market and strengthen multilateral cooperation capacity.
29 Sep
The first foreign-invested consumer REITs project in China—the CapitaLand Commercial REIT was listed on the SSE, marking a key step in the internationalization and diversification of China's REITs market and providing an outstanding exemplary model for foreign institutions to participate deeply in China's REITs market.
3 Sep
The SSE and Muscat Stock Exchange of Oman (MSX) signed a Memorandum of Understanding (MOU), aiming to cooperate in areas such as market promotion, information exchange, and personnel exchanges.
27 Aug
The SSE revised the guides on format of announcements and business procedures, further simplifying filing documents, streamlining announcement content, and improving the user-friendliness of announcement formats.
15 Aug
The SSE published the Chinese and English versions of the SSE ESG Practice in Two Decades Guided by "Two Mountains" Philosophy, systematically compiling major ESG milestones, representative cases and market-building achievements on the SSE market, showcasing the profound influence of the "Two Mountains" concept on the capital market to domestic and overseas investors.
13 Jul
The SSE issued STAR market "1+6" supporting business rules, including three business guidelines on the Sci-Tech Growth Tier, pre-review, and senior professional institutional investors, as well as two business guides on essential clauses for risk disclosure statements and special securities marking.
11 Jul
The SSE issued the Guidelines on Program Trading Report of Investors in the Shanghai Stock Connect, which incorporates investors trading SSE securities under the Stock Connect within the scope of program trading reporting, further promoting the standardized development of program trading and maintaining securities trading order and market fairness.
2 Jul
The SSE held a policy briefing on STAR Market "1+6" reform in collaboration with Shanghai Municipal Office of Finance Service and the Shanghai Office of China Securities Regulatory Commission (CSRC), kicking off a series of policy outreach events in key provinces and cities with large clusters of technology enterprises. These events aim at strengthening dialogue and policy briefing with all sorts of market participants, and accelerating deals with representative and exemplary effects. By the end of 2025, over 100 public briefing activities have been organized across the country.
30 Jun
The SSE signed a memorandum of understanding (MOU) with Astana International Exchange of Kazakhstan to further strengthen business cooperation and communication between the two capital markets.
19 Jun
The SSE formulated the Special Action Plan to Drive Improvement in ESG Ratings of the SSE Listed Companies, introducing six key measures to address the focal and challenging issues such as facilitating communication and improving information disclosure, aiming to elevate the ESG ratings of the SSE listed companies to a new level.
9 Jun
The Shanghai Stock Exchange Archives (1881-1951) (the Archives), jointly submitted by China Securities Museum and Shanghai Archives, is included in the sixth batch of the China Archival Documents Heritage List of the National Archives Administration. The Archives systematically sorts out historical documents of the Shanghai stock market from the late Qing Dynasty to the early period of the People's Republic of China, covering stocks, bonds, transaction records and other original archives, presenting the development history of Shanghai as a financial center in modern China.
30 May
The SSE and China Securities Index Co., Ltd. (CSI) revised methodology for the SSE 380 Index and launched the new SSE 580 Index. The SSE 380 and SSE 580 are positioned as "mid-cap" and "small-cap" indices for the SSE. They incorporate liquidity screening and total market capitalization into selection policy, and introduce ESG screening criteria, further enriching the SSE flagship broad-based index system.
21 May
The SSE issued the Notice on Matters Concerning Pilot Corporate Bond Re-issuance and Asset-backed Securities Expansion Business, launching corporate bond re-issuance business. On May 29, the first two securities companies completed the bookbuilding for the re-issuance of corporate bonds. On September 30, the first expansion offering of a holding-type real estate ABS—the CCB Housing Rental Fund Holding Real Estate Asset-Backed Special Plan—was successfully issued.
16 May
The SSE revised the Rules for Review of Major Asset Restructurings of Listed Companies and supporting business guides. The new rules introduce a simplified review procedure for qualified listed companies seeking share issuance restructurings, including streamlining the review process, shortening review timelines, and improving restructuring efficiency.
8 May
The SSE launched a roadshow series to Southeast Asian markets and held the first roadshow towards the Indonesian market. The event facilitated in-depth exchanges with over 200 Indonesian institutional representatives on topics such as the development of the SSE's ETF market and main channels of foreign investment in the SSE market. On May 15, an online roadshow was held for Southeast Asian exchanges, investment institutions, and intermediaries, covering an overview of the SSE market, the performance highlights of SSE-listed companies, and developments of the ETF market, with approximately 180 overseas representatives attending the event.
7 May
The SSE issued the Notice on Further Supporting the Issuance of Sci-Tech Innovation Bonds to Serve New Quality Productive Forces. It details measures on broadening the scope of issuers, allowing more flexible usage of raised capital, simplifying information disclosure, and refining supporting mechanisms, which establishes a more inclusive financing system for sci-tech innovation bonds. By the end of 2025, the SSE supported over 500 companies in issuing approximately RMB 1.76 trillion of sci-tech innovation bonds, all marked with "K" in their bond abbreviations. On July 17, the first 10 sci-tech innovation bond ETFs were listed, with 6 of them listed on the SSE, providing investors with index instruments to easily and effectively access sci-tech innovation bonds.
25 Apr
The SSE appointed members for the second term of the Listing Review Committee (22 members) and the M&A and Restructuring Review Committee (17 members).
25 Apr
The SSE revised the Rules Governing the Listing of Stocks and supporting rules and guidelines for its Main Board and the STAR Market. The rules aim to thoroughly implement the new Company Law and other higher-ranking regulations, clarify the audit committee's responsibilities; strengthen the responsibilities of directors and senior management and enhance the code of conduct for controlling shareholders and actual controllers; strengthen the protection of shareholder s' rights, especially small and medium-sized shareholders; and align with higher-ranking rules on bankruptcy and reorganization, and optimize the disclosure requirements.
3 Apr
The SSE issued the Implementation Rules of Shanghai Stock Exchange on Program Trading Regulation and simultaneously solicited comments on supporting business rules. The rules make detailed provisions for program trading reporting management, trading behavior management, information system management, high-frequency trading management, Northbound Stock Connect management, supervision and inspection, etc. The rules aim to highlight the fairness of the system, foster comprehensive and strict oversight of program trading, and promote its development in a regulated manner.
28 Mar
The SSE revised the Detailed Implementation Rules on the Offering and Underwriting of Securities in Initial Public Offerings on the Shanghai Stock Exchange and the Detailed Implementation Rules on the Offering and Underwriting of Securities by Listed Companies on the Shanghai Stock Exchange, granting bank wealth management products and insurance asset management products the same policy treatment as public funds in new share subscriptions and the private placements of listed companies. For offline offerings of unprofitable companies, agreed lock-up arrangements are introduced, setting higher allocation ratios for offline investors with higher lock-up proportions and longer lock-up periods, thereby guiding medium- to long-term capital into the market.
21 Mar
The SSE formulated a new Three-year Action Plan for Advancing the Quality Improvement of the Companies Listed on Shanghai Stock Exchange, aiming to foster a wider range of listed companies that demonstrate high-quality development by contributing to China's broader reform and development agenda, maintaining good performance, outstanding capability in technological innovation, substantial investor returns, and active social responsibility engagement.
20 Mar
The SSE and Brasil, Bolsa, Balcão (B3) signed a memorandum of understanding (MOU) regarding ETF connectivity cooperation. The signing represents an important step by the two exchanges in effectively executing the outcomes of the seventh meeting of the China-Brazil High-level Coordination and Cooperation Committee (COSBAN), marking a new phase in capital market cooperation between China and Brazil. On May 26, the ETF issued by a Brazilian asset management company tracking the SSE-listed CSI 300 ETF product was listed for trading in Brazil. The launch of this ETF marks the first time for the ETF connectivity scheme to be implemented in the South American market. On November 13, one of the first ETFs tracking the IBOVESPA ETF in Brazil was listed on the SSE.
14 Mar
The SSE released Guidelines on Evaluation of Information Disclosure by Listed Companies, which focuses on strengthening disclosure oversight, severely penalizing financial fraud, enhancing cash dividends, and promoting investment value. It specifies circumstances where points should be given or deducted, setting higher requirements for disclosure quality.
13 Mar
The SSE formulated the Action Plan on Further Improving the "Five Major Areas" of Finance (the Action Plan). The Action Plan focuses on serving major strategies, key fields, and weak links by giving full play to the advantages of the SSE functions. It puts forward 16 specific measures, aiming to channel more resources to science and technology finance, green finance, inclusive finance, pension finance, and digital finance, among other areas.
12 Mar
The SSE released the Action Plan on Further Leveraging the Functions of the Exchange and Guiding the Industry to Practice Financial Culture with Chinese Characteristics, guiding financial institutions to practice the "Five Dos and Five Don'ts" financial culture with Chinese characteristics, properly handle the relationship between functionality and profitability, and facilitate the high-quality development of the capital market.
26 Feb
The SSE and China Securities Index Co., Ltd. (CSI) announced revisions to the methodology of the STAR 100 Index and the STAR 200 Index. The revisions align the methodology of broad-based STAR indices by setting the time requirement for new share inclusion to "12 months after listing". The revised methodology took effect on March 17.
24 Jan
The SSE released the List of SSE Practical Initiatives for the Market in 2025, outlining 10 initiatives across 5 areas, aiming to enhance the investors' sense of gain and satisfaction.
20 Jan
The SSE and China Securities Index Co., Ltd. (CSI) jointly released the SSE STAR Market Composite Index and its price index. The first SSE STAR Market Composite Index ETFs were issued on February 17.
17 Jan
The SSE released Guide on Compilation of Sustainable Development Reports to improve the quality of ESG disclosure.
9 - 10 Jan
The SSE, in collaboration with the Financial Office of the Jiangsu Provincial Committee of the Communist Party of China and the Jiangsu Office of China Securities Regulatory Commission (CSRC), held the inaugural institutional investor activity series in 2025 to serve the Yangtze River Delta in Nanjing, vigorously advancing reforms on the investment side. On January 16 to 17, the SSE, together with Shanghai Asset Management Association, held the first special training course for institutional investors in 2025, and updated the Proposal for Rational Investment, Value Investment, and Long-term Investment in the Capital Market (the Proposal), guiding institutional investors to practice the "Three Investments" concept. Over 450 institutions have signed up for the Proposal.